VRA to resume run to price discovery?Verasity (VRA) had a dizzying run in october but has taken time to chill for a week or two now. Is it nearly time to get back in the rocket ship?
While VRA is trying to make 0.071 stick, I feel if it suddenly loses this support, we'll see it drop to 0.068 and possibly as low as 0.064 to test support. No harm setting some buys there if you want to stock up on this long term monster project.
Next stop if we move back upwards is around 0.25c in my opinion.
I am bullish on VRA overall, and I think by end of year we'll be getting close to $1, although I think we will fall short in this particular run. Personally, I'm taking profits at 0.65-75c, but I will be holding the bulk of my bag for longer.
VRAUSDT
Verasity, checking for a new entry. Currently at ATH, so wait!Intro:
- Verasity (VRA) is a protocol and product layer platform for esports and video entertainment
- Verasity keeps building since 2017 and has planned to introduce NFT's to their platform during Q4 2021.
- In circulation we have 6 billion coins out of currently 10million possible.
- Total market cap is currently around 500 million and still has a lot of room to grow
Daily chart:
- Price finds itself in an uptrend and currently sits at an ATH, so be cautious.
- Volume keeps increasing since August which is bullish and with the trend. It therefore confirms the trend.
- RSI analysis shows that we are within a larger consolidation wedge. The apex still is one month away which could act as a cool off phase.
- Support lines are at 0.05$ and 0.01$.
- Resistance lines are currently nonexistent.
Expectation:
- We expect VRA to cool off and retest the 0.062$ price line. From there we look for a support confirmation which would serve as a good entry point.
- End of the year prediction: We will see a 0.2$+ VRA before the end of 2021.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Specials:
- Boxes represent either entry zone or support zone . Check the description.
- Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
$VRA eyeing $0.26 🤑🚀🚀On the Daily Time frame a Beautiful Cup and Handle Formation already formed for $VRA.
Our First Breakout Target is $0.088 cents.
Our Second Breakout Target is $0.26 cents .
A good place to take profits would be $0.14. You can honestly take profits at $0.12 as well.
TBH Either of those would be good areas to take profits.
The MACD confirms the Strong bullish momentum.
Volume is increasing which means price action should continue going 🆙
What's crazy...is the best has yet to come, VRA got me rubbing my hands like Birdman!! 😎
VRA/USDT : Possible 300% Rally after a retest on broken zoneKUCOIN:VRAUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if your share your opinion on this post and hit the like button if you enjoyed it !
#VRA has formed a CUP & HANDLE pattern here.
However, There is a bearish divergence on RSI and Volatility is moving in over bought zone, So the retracement is expected.
We can set our bids below the the current broken resistance zone, But you need to caution about a close below the zone !
On other side, VRA/BTC has formed a bullish flag in 6H TF :
As you can see there was a falling wedge which is broken now, Also it just formed a stiff support zone at ( 0.0000007196 - 0.0000006863 ).
There's another support below the bullish flag and I expect a pullback from it on mid-term...
So it's more likely to break the flag from above !
🔴 Have to pay attention on BTC's chart, Once more BTC outperform ALTs, Then most of them will bleed badly !
So you can set your invalidation below the mentioned red light on USDT's chart and for BTC's chart you can set it below the current support zone.
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
VRAUSDT - Verasity unstoppable? Marked new ATHKeep an eye on VRA. Might retest the previous ATH and new support at 5 Cents. A successful test could result in a move higher to 8 cents and eventually 12.
- try to get in around 5 cents and watch for a successful retest of the previous resistance, so it turns to a support
- patience is key again -> RSI and MACD need to cool down on a shorter time frame
- given the developments and the gaming hype in this cycle this might be a good call mid-term, and with all the patents (PoV!!!) even long term
T1 0.07 USD 40%
T2 0.08 USD 60%
T3 0.12 USD 150%
T4 0.17 USD 250%
T5 0.20 USD 300%
Cheerios my brothers and sisters, always for entertainment purposes only ...
✨️💎 VRA/USDT ready for a Breakout ?🚀VRA/USDT forming bulish triangle on 1D and 4H looking ready fora breakout soon. VRA is now reached the resistance line of the triangle now then we see a good rally in VRA.
The next major resistance after breakout is 0.062$ levels and 0.063$ area. If VRA unable to break the triangle then we will see a retest of 0.054$-0.056$ support area.
Wait for a breakout or rejection from here.
🙏DYOR
✨️💎 VRA/USDT Ready for a Breakout ?🚀VRA/USDT forming bulish triangle on 1D and 4H looking ready fora breakout soon.
VRA is now reached the resistance line of the triangle now then we see a good rally in VRA.
The next major resistance after breakout is 0.062$ levels and 0.063$ area.
If VRA unable to break the triangle then we will see a retest of 0.054$-0.056$ support area.
Wait for a breakout or rejection from here.
🙏DYOR
VRAUSDT PRICE PREDICTION TA:
- The scenario for VRA hits 1$ is likely that would make VRA market cap: 5 billion dollars.
- The most unlikely scenario is for VRA to hits 5$.
FA:
- The market valuation of Youtube is 500 billion dollars revenue from advertisements, collect data from users.
- VRA is trying solve this problem that users data is in the hand of users and getting paid for seeing ads.
- If the can capture 10% of Youtube market size, that would make 5$ VRA.
NFA
Verasity Cup and Handle updateUpdate on Verasity Cup and Handle. VRA successfully broke the resistance that has now become support. VRA tested support successfully. The first target is around 0.09$. I like to look at charts on a daily timeframe because that’s how I see the bigger picture. The fact that this pattern is based on a daily timeframe is in my view very important because this pattern is one of the most reliable. I think this coin will easily go up to 1.00$ or even more.